2020 OECD Economic Outlook, Volume 2020 Issue 2

image of OECD Economic Outlook, Volume 2020 Issue 2

The COVID-19 pandemic will cast a long shadow over the world’s economies and the economic outlook is very uncertain. This issue of the OECD Economic Outlook analyses the impacts of COVID-19 on the economy and puts forward projections for output, employment, prices, fiscal and current account balances.

This issue includes a general assessment of the macroeconomic situation, a series of notes on the current policy challenges related to the COVID-19 pandemic and a chapter summarising developments and providing projections for each individual country. Coverage is provided for all OECD members as well as for selected partner economies.

English Also available in: French, German

Costa Rica

Costa Rica experienced a surge of infection cases in the second half of 2020, which delayed the easing of confinement measures. After a deep recession this year, GDP is projected to recover gradually in 2021 (by 2%) and gain momentum in 2022 (by 3.8%). As confinement measures are progressively lifted, domestic demand will recover, but remain subdued due to high unemployment. Uncertainty related to high public debt will weigh on investment. The rebound of the US economy will help exports recover, particularly of medical supply and business services.

English Also available in: French



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